Alitalia dies after 75 years of unrest and is handed over to ITA

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Alitalia workers for the final Alitalia flight number from the Italia Tresporto Arrio (ITA), a smaller successor to Fiumicino and the Cailliari AZ1586, were handed over to Fiumicino near Rome, Italy, on October 15, 2021. Reaction after landing at Fiumicino Airport in Rome. Reuters / Remo Kasiri

15 October 2021

by Francesca Landini

MILAN (Reuters) – The Alitalia is a former epitome of Italian style and charm that languished due to financial mismanagement, and was the successor to the miniature plane that operated its last flight on Thursday after 75 years. It will be acquired by Italy Transport Aero (ITA).

Alitalia, the traditional choice of the pope, prima donna and the Italian political elite, has been run by state-appointed managers since 2017 to avoid liquidation.

Landing in Rome around 2100 GMT, the night flight from Cagliari, the capital of Sardinia, would be the airline’s final bow, founded in 1946 after a series of reorganizations and ownership changes.

The company has gone black in just one year this century, and the government has spent more than €8 billion ($9.27 billion) on defenses several times over the past three years.

The funeral of Aritalia Airlines, as is often the case during its lifetime, was surrounded by political controversy, with far-right opposition, the Brothers of Italy, accusing the end of Mario Draghi’s government.

“Today we are missing another gem. This is the company that has made the history of our country and … we are proud to be Italian, ”said party leader Giorgia Meloni. told.

After trying to sell Alitalia to private investors, in 2020 Rome succumbed to the disastrous consequences of a pandemic in the aviation sector and decided to build ITA from its ashes.

The new airline, in which the government will invest €1.35 billion over three years, will start with 52 jets and 2,800 employees, compared to Alitalia’s approximately 110 aircraft and 10,000 employees.

The deal negotiated with the European Commission should clear dissent between Alitalia and its successors, and the new airline will make a profit by the end of its 2021-2025 business plan. needed.

However, Alitalia’s high cost, mismanagement, legacy of political and trade union influences could spell trouble for ITA.

The new airline is in talks to buy the Alitalia brand and is expected to retain its traditional green-white-red livery.

The launch of the nimble carrier leaves a question mark over the future of more than 7,000 Alitalia Airlines employees under a temporary dismissal system paid for by the government until at least September 2022.

($ 1 = 0.8630 euros)

(Reporting by Francesco Landini, Edited by Gavin Jones and Jan Harvey)

Source Link Alitalia dies after 75 years of unrest and is handed over to ITA

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